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Alternative Credit Focus
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|
NAVPS (07-25-2024) |
$9.61 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at June 30, 2024
As at June 30, 2024
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Inception Return (May 14, 2020): 1.95%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.55% | 0.98% | 1.59% | 1.59% | 4.41% | 3.65% | 0.94% | 1.76% | - | - | - | - | - | - |
| Benchmark | 2.98% | 0.97% | -0.32% | -0.32% | 3.73% | 3.25% | -1.77% | -1.98% | -0.10% | 1.11% | 1.07% | 0.93% | 1.40% | 1.89% |
| Category Average | 0.65% | 3.28% | 3.28% | 3.28% | 7.68% | 6.09% | 1.96% | 3.95% | 3.59% | - | - | - | - | - |
| Category Rank | 74 / 127 | 82 / 118 | 95 / 118 | 95 / 118 | 98 / 115 | 81 / 99 | 52 / 80 | 52 / 69 | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 4 | - | - | - | - | - | - |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.08% | 0.05% | -1.10% | -0.32% | 2.25% | 2.00% | -0.02% | 0.16% | 0.47% | -0.40% | 0.82% | 0.55% |
| Benchmark | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% |
2.25% (November 2023)
-1.76% (June 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 1.27% | -3.30% | 4.49% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 3 | 3 | 4 |
| Category Rank | - | - | - | - | - | - | - | 54/ 72 | 50/ 95 | 98/ 113 |
4.49% (2023)
-3.30% (2022)
| Name | Percent |
|---|---|
| Cash and Equivalents | 32.88 |
| Foreign Corporate Bonds | 23.83 |
| Canadian Government Bonds | 16.50 |
| Foreign Government Bonds | 14.54 |
| Canadian Corporate Bonds | 11.98 |
| Other | 0.27 |
| Name | Percent |
|---|---|
| Fixed Income | 66.78 |
| Cash and Cash Equivalent | 32.89 |
| Consumer Goods | 0.33 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Latin America | 0.10 |
| Multi-National | -0.10 |
| Name | Percent |
|---|---|
| Canada Government 3.00% 01-Jun-2034 | 5.23 |
| United States Treasury 4.00% 31-Jan-2029 | 4.15 |
| Canada Government 3.25% 01-Dec-2033 | 4.11 |
| US DOLLAR | 3.08 |
| United States Treasury 3.75% 31-Dec-2028 | 3.03 |
| Southwestern Energy Co 5.70% 23-Jan-2025 | 2.89 |
| United States Treasury 4.50% 31-Mar-2026 | 2.85 |
| United States Treasury 4.38% 15-May-2034 | 2.58 |
| Ontario Province 4.15% 02-Dec-2054 | 2.50 |
| Crownrock LP 5.63% 15-Oct-2025 | 2.30 |
CI Marret Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.32% | - | - |
|---|---|---|---|
| Beta | 0.42% | - | - |
| Alpha | 0.02% | - | - |
| Rsquared | 0.76% | - | - |
| Sharpe | -0.61% | - | - |
| Sortino | -0.82% | - | - |
| Treynor | -0.05% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.33% | 3.32% | - | - |
| Beta | 0.40% | 0.42% | - | - |
| Alpha | 0.03% | 0.02% | - | - |
| Rsquared | 0.79% | 0.76% | - | - |
| Sharpe | -0.15% | -0.61% | - | - |
| Sortino | 0.82% | -0.82% | - | - |
| Treynor | -0.01% | -0.05% | - | - |
| Tax Efficiency | 68.10% | - | - | - |
| Start Date | May 14, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $59 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2195 | ||
| CIG3095 | ||
| CIG3195 |
The fund seeks to provide income with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in both debt instruments across the credit spectrum and cash or cash equivalents. The fund seeks to provide income while targeting low correlation to equity and traditional income. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts.
The portfolio sub-advisor expects to invest in debt instruments across the credit spectrum including, but not limited to, cash, government debt, investment grade corporate debt, high-yield debt, credit derivatives, commercial paper, term loans, floating rate securities and other income-producing securities including fixed-income exchange-traded funds.
| Name | Start Date |
|---|---|
| Marret Asset Management Inc | 05-05-2020 |
| CI Global Asset Management | 05-05-2022 |
| Fund Manager | CI Global Asset Management |
|---|---|
| Advisor | CI Global Asset Management |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Investments Inc |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.75% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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